Remember the NES Bionic Commando from 1980? It doesn't matter, in all honesty. This next-gen update might retain the heritage (particularly the bionic arm with helpful wire attachment) and take place 10 years after the original 2D scroller, but it's a whole new game.
Games Radar was treated to an extended demo of Bionic Commando in action, during a recent Capcom event, and it's looking solid. What they were shown was basically a 'proof of concept', being little more than a small contained area of mangled skyscrapers and twisted girders. But it proved its concept - the free-aiming swing action - with style.